FIRST AIRED: July 25, 2019

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 1

×

Transcript

00:00:00
these look like tough times for auto makers but it seems Volkswagen didn't get the memo the German joint posted a thirty percent jump in earnings Thursday second quarter operating profit up to just over five point seven billion dollars that's despite a slight drop in the total number of calls sold rising shipments of expensive SUVs and premium brands the companies say via the gains make it look like a real outlaw either on Thursday Nissan said its first quarter earnings were down by ninety eight point five percent , just barely eked out a profit off on the fifteen million dollars , the company confirmed earlier reports that it will axe thousands more jobs twelve thousand five hundred to go by twenty twenty two , sluggish sales and the fallout from the arrest of former boss Carlos Ghosn among its troubles I was earlier it was a gloomy picture for big US names too Ford shares sank seven percent in office hours trading Wednesday that'll do it reported a lower than expected profits the US firm hit by the cost of restructuring in Europe and South America , and then there is Tesla he'll mosques company again missing targets it posted a deeper than expected loss and soul margins tightened tessellations tumbled more than eleven percent following the news , the long awaited day when it turns profitable now projected to come in the fourth quarter